The FBI estimates fraud losses linked to so-called business email compromise scams worldwide have exceeded $1.2 billion in less than a year. But some financial fraud experts say the losses from this largely overlooked threat could be even higher.
Extortionists and "free agent" rogue insiders have emerged as the top two most malicious cybercrime threats to banking institutions, says Gartner's Avivah Litan. How should institutions bolster their defenses?
The Internal Revenue Service says cyber thieves may have accessed as many as 334,000 taxpayer accounts in a breach of its Get Transcript system, far more than the 114,000 accounts it originally estimated in May.
Security is a busy sector: Symantec jettisoned Veritas, Zscaler became a "unicorn" after its most recent funding round, and we have other M&A news from Cisco, Fidelity National Information Services and Proofpoint.
Visa's Eduardo Perez says one of the key merchant vulnerabilities his company is most concerned about is weak remote-access controls for point-of-sale systems and devices. He offers risk mitigation advice in this exclusive interview.
Although they apparently weren't caused by cyber-attacks, the impacts of computer failures at the New York Stock Exchange, United Airlines and the Wall Street Journal have much in common with the aftermath of breaches.
MasterCard is testing a smartphone app that lets users approve online transactions using facial recognition, via the equivalent of taking a selfie. But could such technology be spoofed, and will it reduce card fraud?
Chris Feeney, recently named president of BITS, the technology and policy division of the Financial Services Roundtable, describes his top cybersecurity priorities, including helping members deal with insider threats.
The Gartner Security and Risk Management Summit tackles digital business, a concept that blurs the physical and digital worlds, and requires organizations to reconsider how they approach IT security and risk management.